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News Hub: The $100 Million Mansion

WSJ's Mitra Kalita has the scoop on the most expensive known purchase of a single-family home in the U.S.

This transcript has been automatically generated and may not be 100% accurate.

Gou ... the the ... then that the housing depression California mansion twenty five thousand square feet fell three hundred million dollars to a Russian Tech billionaire ... Richard Lita has the Desales then she joins an eye and that right now in a mature one ... hundred MIL against the euro Yuri Milner â compounds ... that don't ... actually listen to the intern's going on in housing right now on as you said it's stark contrast to the rest of the market that housing market is far from recovery this is not ... on an indicator of things turning around but ... it does show some strength in the luxury market ... amen another thing that we're seeing is on foreign investors coming in ... and resuscitating some parts of that high ranking men's cases Russian billionaire yet exactly Agassi duplicate to devalue the U S dollars with somewhat weaker now I've been in the past except for silver more attractive but I think he tells anything about ... this house is property particulars well it has indoor and outdoor pools I didn't have the ballroom Alain filer ... I kind of feel like you thinkOnDemand built the end of the architect Hugh ... of Gupta's property actually said ... that there was no budget for it so a hundred million dollars in fact ... you know it so I mean this is really ... more of an old one off that this is just too ridiculous to special property ... we think this really is going to have some kind of knock on effect for the rest of the housing market the ... higher end the practice is believed to be the highest ... price paid for single family homes in the last ... now ... I've ... talked to some larger eBrokers Husseini al they might ... not be that ... that kind of official price might be seventy five million and maybe there's some ... get something off tacked onto the silk ... it is hard to say as to whether this is definitively the heights ... and doesn't indicate a trend I think it is it if I mean the jobs are presented today to talk about that because it showed that that ... there is kind of a part of the economy that's been insulated from ... on the ... piano ... the rest of it on the